mandate

Uses as of 31/10/2012

Definitions over time (1)

31/03/2012 – 31/01/2014 applies on 31/10/2012 Article 2, Regulation (EU) No 260/2012 Scope: Whole act

For the purposes of this Regulation, the following definitions apply:

‘mandate’ means the expression of consent and authorisation given by the payer to the payee and (directly or indirectly via the payee) to the payer’s PSP to allow the payee to initiate a collection for debiting the payer’s specified payment account and to allow the payer’s PSP to comply with such instructions;

Each has its own scope, dates and uses. Open one to see when it applies.